Peru’s hydrocarbons regulator Perupetro expects investments in the country’s upstream sector to reach about $3.5 billion in the five-year period through to 2023, as the government hopes to double production and offer new acreage to attract more oil companies.
Perupetro president Seferino Yesquen said investments could be even higher provided the administration of Peruvian President Martin Vizcarra creates better terms and conditions to improve competitiveness in the sector.
